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Sep 17, 2013
09/13
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would you guys ever be open to a debt ceiling -- linking it to the debt ceiling or something of that nature, for instance? our side et me say on of the capitol, sandy levin and the democrats on the ways and means committee has been participating very positively with the sort of working groups that chairman camp has established. i think those were positive, bipartisan, and have been useful efforts. they have not led to an agreement, as you know, at this point in time. in my own view, we are certainly opened both on the individual side as well as the corporate side to tax reform. as a matter of fact, everybody in washington's for tax reform. right up until the time you say what it is. tax reform conceptually, everybody believes the tax code , too complicated, too long too uneven and its impact on individuals and the corporate level. warren buffett's observation that his secretary pays a higher rate than he does is obviously something that is i shall rational and unacceptable. as a result -- is irrational and unacceptable. as a result, we need not only need to simplify it, we need to at
would you guys ever be open to a debt ceiling -- linking it to the debt ceiling or something of that nature, for instance? our side et me say on of the capitol, sandy levin and the democrats on the ways and means committee has been participating very positively with the sort of working groups that chairman camp has established. i think those were positive, bipartisan, and have been useful efforts. they have not led to an agreement, as you know, at this point in time. in my own view, we are...
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80
Oct 4, 2013
10/13
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if you vote for the rein budget you envision the debt ceiling having to be raised. but you have to be in a discussion. i think the central issue in this is not the affordable health care act, not the debt ceiling and not the government shutdown as serious as that is. the real issue is, will my friends and the president of the united states simply come to the table to negotiate. will they put a counterproposal out there? or sit simply going to be we encyst getting our way, in fall -- in full, all the time. don't think that's an acceptable way to arrive at common ground and i don't think it's likely to succeed. with that, mr. speaker, i will reserve the balance of my time. the speaker pro tempore: the gentleman's time is reserved. the gentlelady from new york. ms. slaughter: i'm pleased to yield four minutes to the gentleman from massachusetts, mr. mcgovern. the speaker pro tempore: the gentleman is recognized for four minutes. mr. mcgovern: thank you very much. i thank the distinguished ranking member for the time. mr. speaker, here we are on day four of the republic
if you vote for the rein budget you envision the debt ceiling having to be raised. but you have to be in a discussion. i think the central issue in this is not the affordable health care act, not the debt ceiling and not the government shutdown as serious as that is. the real issue is, will my friends and the president of the united states simply come to the table to negotiate. will they put a counterproposal out there? or sit simply going to be we encyst getting our way, in fall -- in full,...
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83
Sep 5, 2013
09/13
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that includes defense, the debt ceiling may come later. i expect the defense budget to be re-examined. host: what do you think will happen with the debt ceiling debate? guest: that is a great question. if i had to guess right now, i think the debt ceiling will be increased. i think it will go rather smoothly. my contacts in both political parties, more on the republican side, does not want to shut the government down and risk a default on american treasury bills and bonds. i think that is a tough vote. speaker boehner and others believe that if you raise the debt ceiling, you have to cut he source of the debt, which is overspending. that is a point of view that i generally agree with. they might want to do it in a compromise, where there was some entitlement reform involved. they do not want to do it with any tax increase. they have made that very clear. we have already had a double whammy tax hike in 2013. the top end of the bush tax cuts were raised, and then the obamacare hikes are kicking in. it is going to be tough. i do not think the
that includes defense, the debt ceiling may come later. i expect the defense budget to be re-examined. host: what do you think will happen with the debt ceiling debate? guest: that is a great question. if i had to guess right now, i think the debt ceiling will be increased. i think it will go rather smoothly. my contacts in both political parties, more on the republican side, does not want to shut the government down and risk a default on american treasury bills and bonds. i think that is a...
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120
Oct 29, 2013
10/13
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don't attempt to hold the debt ceiling hostage. but i would say as was said in the book of isaiah, come and let us reen together, because -- reason together, because if we don't, then the whole country will suffer. come and let us find the way to work in a way that our problems can be dealt with. i believe that we can do it. it's been done before. and i think -- thank the gentleman for yielding. and i end with, let's do it. let's show the american people that we can work in a bipartisan way and solve the problems and meet the needs of the people of this country. and i yield back. the speaker pro tempore: the gentleman from michigan reserves. the gentleman from indiana is recognized. mr. young: i yield three minutes to my distinguished colleague from kansas, mr. huelskamp. the speaker pro tempore: the gentleman from kansas is recognized for three minutes. mr. huelskamp: i appreciate the efforts of my colleague from indiana bringing this before the house for discussion. the reality is the staggering fact is since the president's re-e
don't attempt to hold the debt ceiling hostage. but i would say as was said in the book of isaiah, come and let us reen together, because -- reason together, because if we don't, then the whole country will suffer. come and let us find the way to work in a way that our problems can be dealt with. i believe that we can do it. it's been done before. and i think -- thank the gentleman for yielding. and i end with, let's do it. let's show the american people that we can work in a bipartisan way and...
599
599
Dec 11, 2013
12/13
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we'll raise the february 7, 2014 debt ceiling limit in an amount equal to the total c.b.o. score of spending reductions, reforms, and removal of waste, fraud, and abuse within government operation that is have already been identified and generally supported on a bipartisan basis. i submit a list of $573 billion of such government reforms and spending reductions so identified in such a bipartisan manner. upon completion of step 1, we'll then move to step 2, and in step 2 what we would propose is that votes in the house and the senate on their respective visions for comprehensive tax reform and also for reform of our entitlement programs to ensure their solvency for another generation would occur. if those votes occur in the house and senate, there would be an automatic relief of the debt ceiling cap for an additional year. and then we would move to step three, mr. president. and step three would essentially say that if in the house or the senate we enact either one of those long-term solutions to our tax code or to our entitlement crisis with our social security and medicare
we'll raise the february 7, 2014 debt ceiling limit in an amount equal to the total c.b.o. score of spending reductions, reforms, and removal of waste, fraud, and abuse within government operation that is have already been identified and generally supported on a bipartisan basis. i submit a list of $573 billion of such government reforms and spending reductions so identified in such a bipartisan manner. upon completion of step 1, we'll then move to step 2, and in step 2 what we would propose is...
729
729
Dec 10, 2013
12/13
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what does the business round table think the adult decision should be on the debt ceiling. guest: no one believes that our nation should be defaulting or talking about defaulting on its debt. we aren't going to do that. and i don't think democrats or republicans believe that would be a good idea to do that. in effect what you've got is a hollow threat. at the end of the day, you have to give on it. host: imperfect hostage for folks who want to use it? guest: if the hostage has to be taken care of and taken care of and ultimately returned, you are incurring costs. it was the nation of australia that talked about getting rid of the debt limit. it's not the issue. the issue is the spending. as imperfect as the sequestration has been, it has had the effect of bringing down annual deficits and highlighting that the real problem is entitlement reform and leaders at the business round table said these are the kinds of decisions that c.e.o.'s have to think about it. i saw it as a governor and most of the governors have a constitutional requirement to balance their budget in the sho
what does the business round table think the adult decision should be on the debt ceiling. guest: no one believes that our nation should be defaulting or talking about defaulting on its debt. we aren't going to do that. and i don't think democrats or republicans believe that would be a good idea to do that. in effect what you've got is a hollow threat. at the end of the day, you have to give on it. host: imperfect hostage for folks who want to use it? guest: if the hostage has to be taken care...